Asteron Life is putting all of its business development managers through the level five financial services qualification so they can better understand what the new requirements are for advisers.

Brian Klee remembers Alan Power, a key figure in New Zealand's insurance industry history.

Adviser group Lifetime has changed its remuneration structure, moving advisers onto an annual salary following its merger with Camelot NZ last year.

Clients will have to be clearly told what fees they are likely to pay, and what commissions an adviser will receive, under draft disclosure regulations revealed by the Government this week.

ASB has sold its investment administration and custody businesses, Aegis Limited and Investment Custodial Services.

Weak business confidence numbers will increase the chances of another Official Cash Rate cut next month, say Westpac economists.

Trustees Executors makes two key executive appointments to drive growth strategy.

Advisers are being told to stick with the rules if they want to promote KiwiSaver as part of their business.

KiwiSaver providers can expect pressure to show what value they're giving members, after an analysis prepared for the Financial Markets Authority showed they charge higher fees than comparable British funds.

Banks have made adjustments to serviceability tests since the Official Cash Rate cut in August, but advisers doubt whether the changes will have a big impact on pass rates.

Advisers in the new financial advice regime will work under a much narrower “client-first” obligation than AFAs operating in the market at present, says the chairman of the committee that drafted the previous version.

Advisers have welcomed Simplicity's entrance into the mortgage market, but doubt whether the 2.95% home loan product will have a major impact.